Ethereum slipped under $4,330 after failing to extend gains toward $4,900, raising concerns about short-term market strength.
Ethereum’s rally took a pause this week as the second-largest cryptocurrency by market capitalization pulled back from recent highs. After briefly testing the $4,895 resistance zone, ETH has retraced below $4,330, reflecting profit-taking and renewed selling pressure across the broader digital asset market.
The rejection near $4,895 confirms strong selling interest at this level, which aligns with previous market tops. The price is now hovering around $4,300–$4,350, where the immediate support has formed. If this range fails to hold, Ethereum could revisit the $3,950–$4,000 zone, a critical demand area that has cushioned prior declines.
“Ethereum’s inability to break through $4,900 signals caution. The $4,300 region will be key. A decisive drop under this level could expose ETH to a deeper pullback toward $3,650,” According to BITX market strategist.
The retracement coincides with a wider slowdown in the cryptocurrency market, where Bitcoin also slipped back below $110,000. Altcoin momentum has weakened in tandem, erasing some of the sharp gains seen earlier this month.
Trading volume has increased during the drop, suggesting that sellers are more active than buyers at higher levels. Analysts note that Ethereum must reclaim $4,450 to revive bullish confidence and aim once again for the $4,800–$4,900 barrier.
Ethereum’s retreat below $4,330 highlights fragile short-term conditions despite a broader bullish structure. For now, traders are closely watching whether the market can stabilize above this support. A recovery above $4,450 would signal renewed strength, while sustained pressure could lead to a retest of the $3,950–$4,000 support zone.
The next sessions will likely determine whether Ethereum can re-establish momentum or slide further before attempting another breakout.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.